facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

14219 Westfair W Dr, Housto...

Lee & Associates Facilitates Sale Of Houston Industrial Building To American Fire Systems
SOLDIndustrial

Lee & Associates Facilitates Sale Of Houston Industrial Building To American Fire Systems

14219 Westfair W Dr, Houston, TX, 77...

Building Size

24,928 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

An industrial building spanning 24,928 square feet located at 14219 Westfair W. Drive in Houston has been successfully sold. The property was acquired by American Fire Systems from Export Service International Forwarding LLC, a Houston-based freight company. The transaction was facilitated by Thomas Leger and Patrick Wolford of Lee & Associates representing the buyer, while Richard Glass of CRC Real Estate acted as the seller's representative.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Buyer: American Fire Systems
  • Buyer's Representatives: Patrick Wolford(Lee & Associates), Thomas Leger(Lee & Associates)
  • Seller: Export Service International Forwarding LLC
  • Seller's Representative: Richard Glass(Lee & Associates)
  • Address: 14219 Westfair W. Drive, Houston, TX
  • Market: Houston
  • Square Footage: 24,928

The deal saw the involvement of reputable individuals in the real estate industry. Thomas Leger and Patrick Wolford from Lee & Associates expertly represented the buyer, American Fire Systems. On the other side of the transaction, Richard Glass of CRC Real Estate spearheaded the negotiations on behalf of the seller, Export Service International Forwarding LLC, ensuring a smooth and successful sale of the industrial property.

Players

Thomas Leger

Lee & Associates

Broker

5 deals

Broker

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93